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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for March 2023. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In March, approximately 55% of the gas produced... Continue Reading →
(Reuters) - Mexico's government will bolster state-owned oil firm Pemex's capacity to pay down debt this year by deferring about $2 billion in taxes the company owes the state, Mexican Deputy Finance Minister Gabriel Yorio said on Thursday. Pemex, which had financial debt totaling nearly $108 billion at the close of last year, pays a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023 and 03/14/2023, informs that it obtained, yesterday, on 04/12/2023, authorization from the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) to resume production from the facilities of the Fazenda Bálsamo field, continuing the clearance works at the Bahia Terra Cluster (Cluster).... Continue Reading →
(OE) AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent. AFC Equity Investment is owned by Africa Finance Corporation (“AFC”). The... Continue Reading →
(U) Australian independent Karoon Energy expects that production from its Bauna oilfield and the recently on stream Patola field offshore Brazil will remain suspended into May. Karoon and the fields’ floating production, storage and offloading vessel operator Altera & Ocyan are undertaking both essential and proactive work with the focus on the ongoing detailed inspection... Continue Reading →
Tom Ewing, Contributor (OE) Offshore wind energy planners are giving close review to fixed-tower systems in order to extend lessons learned to floating wind towers, under development now. In the U.S., floating towers have been most closely associated with plans for new wind energy areas (WEA) in the Pacific, off of California and maybe Oregon and... Continue Reading →
With the addition of 115 new global offshore wind projects over the Last Twelve Months (LTM), Quest Floating Wind Energy (Q FWE) are actively tracking 752 projects (with statuses Under development, Pre-development, Planned and Possible) representing $2.2 trillion in CapEx, a $1.06 trillion year over year (YoY) gain. The Quest Offshore Wind Turbine Index (QOWTI),... Continue Reading →
(OET) Dutch upstream oil and gas company, ONE-Dyas, has awarded N-Sea with a contract to install a subsea power cable between the Riffgat offshore wind farm in the German North Sea and the new, to-be-built N05-A gas production platform. The scope of N-Sea includes the complete scope comprising survey, design, supply, engineering, transport, installation, burial,... Continue Reading →
Philip Lewis, Contributor Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at... Continue Reading →
(Reuters) Guyana's closely watched auction of 14 offshore oil blocks faces a delay with the South American country pushing back the deadline for oil explorers to submit bids to mid-July. The three-month delay is in response to industry feedback and the need for modernizing the country's oil and gas regulatory framework, which is expected to... Continue Reading →
Brazil Energy Insight 